I am BULLISH on these stocks. I was a BELIEVER in ARM from DAY ONE. Bought ARM as soon as the price got to around $51, i.e., the IPO price. So, IF I hot the $100 — & I most likely will continue to ROLL FORWARD as is my wont — I would have doubled my investment. SMILE.
I told YOU folks to BUY ARM. So don’t blame me. Here is my PROOF.
I say that as someone who has owned NVDA for a very long time & AVGO, off and on, for nearly as long. I currently also own AVGO.
For years people told me I was CRAZY. That I am. Said I was not diversified. All in tech. I used to say, that is ALL I KNOW. I know tech. I understand tech. So, I am buying and staying with tech. SMILE.
In late September I spoke with a Financial Advisor — socially. He had never heard of ARM. That is why I avoid Financial Advisors. AMILE.
For years people told me I was CRAZY. That I am. Said I was not diversified. All in tech. I used to say, that is ALL I KNOW. I know tech. I understand tech. So, I am buying and staying with tech. SMILE.
In late September I spoke with a Financial Advisor — socially. He had never heard of ARM. That is why I avoid Financial Advisors. AMILE.
I had a fairly good hunch that the markets would take a much needed breather after the Fed decision on Wednesday. They did, both Wednesday afternoon & today — exactly as I had expected & hoped.
I had been keeping an eye on ARM given that I did NOT get an IPO price share allocation.
I also had a hunch that ARM would drop below (or get close to) its $51 IPO price this week — IF there was a market downturn.
There was a market downturn & ARM did fall into the $51/$52 range.
I traded some AMZN options & used the proceeds to buy some ARM.
I want to build up a decent position in ARM.
I have known ARM for a long time.
I have had a LOT of success with NVDA & AVGO over the years. I think ARM will serve me well too.
I had to TRY (at least). IF I didn’t then I have even less of a chance.
Yes, I know that it will be HUGELY oversubscribed. Not even sure whether ‘Fidelity‘ will even get a large enough allocation they can sell to customers RATHER than holding onto for their own investments, mutual funds & ETFs.
But, I was told I could BID. So, I did. Didn’t ask for many. The minimum lot size. That also might disqualify me. They like those that ask for LARGE allocations — in the tens of thousands.
PLUS, I am a NOBODY as far as Fidelity is concerned. Some POOR schmuck. Yes, the allocations go to their RICH CLIENTS & I am a billion miles (& dollars) away from that group.
But, I will live in hope. YES, I will, on the day of the IPO, CHECK to see if I got my allocation. SMILE.
Fidelity has ONLY ONCE given me an IPO allocation. That was during the GRIM Financial Crisis of 2008. They gave me 200 shares of ‘Visa‘ (V) at the IPO price. {I just looked it up. It was $44.} I made 5x on that. SMILE. Yes, buy & hold.
Given that I was in high-tech, I have had a couple of other IPO allocations — via ‘Friends & Family’. That was a longtime ago.
